Carlyle Group Continues With Plan for IPO
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Price: $123.96 +1.11%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.6%
EPS Growth %: +14.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.6%
EPS Growth %: +14.6%
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CNBC reporting Carlyle Group is moving forward with its plans for an IPO.
The company will hold the first of two days of "bake-off" meetings in New York Wednesday. At the meetings, Wall Street bankers will pitch their underwriting services to interested investors.
Carlyle is considering selling between $750 million and $1.2 billion in stock as part of the new issue. Plans are subject to change during the months-long process of filing registration documents with the SEC.
Apollo Global Management (NYSE: APO) is a major competitor of the Carlyle Group with $70 billion in assets under management, about $30 billion less than Carlyle. Since the company became public and priced itself in March, shares have traded down around 12 percent, while Blackstone (NYSE: BX) and KKR Financial are up in double-dig percentages for the year.
The company will hold the first of two days of "bake-off" meetings in New York Wednesday. At the meetings, Wall Street bankers will pitch their underwriting services to interested investors.
Carlyle is considering selling between $750 million and $1.2 billion in stock as part of the new issue. Plans are subject to change during the months-long process of filing registration documents with the SEC.
Apollo Global Management (NYSE: APO) is a major competitor of the Carlyle Group with $70 billion in assets under management, about $30 billion less than Carlyle. Since the company became public and priced itself in March, shares have traded down around 12 percent, while Blackstone (NYSE: BX) and KKR Financial are up in double-dig percentages for the year.
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